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Amundi’s assets rise 4.2% in quarter on €32.5 billion in net inflows

Amundi reported assets under management of €1.12 trillion ($1.18 trillion) as of March 31, up 4.2% from three months earlier on strong net inflows, the money manager said in a financial update Friday.

Net inflows in the quarter totaled €32.5 billion vs. net inflows of €23.1 billion in the previous quarter, the update said. The institutional segment recorded net inflows of €17.1 billion in the quarter, driven by treasury strategies particularly in France. In addition, the money manager reported €12.5 billion of market-related gains.

“Amundi's solid results in the first quarter of 2017 demonstrate its capacity to generate profitable growth on a recurrent basis. The forthcoming integration of Pioneer Investments, which should be effective around the end of the first half, will extend this trend,” CEO Yves Perrier said in a news release.

Client interest in real estate and exchange-traded funds was high in the first quarter, according to the financial update. Real estate saw net inflows of €1.1 billion, while ETFs recorded €4.2 billion of net inflows.

Amundi had €162 billion in equity AUM as of March 31, up 33% from a year earlier, the update added. Multiasset strategies totaled €132 billion, up 14%; while AUM in bonds increased 11% to €551 billion.